Form 4: Zebra Technologies Corp. Executive Richard Edward Hudson Reports Changes in Beneficial Ownership

Chief Revenue Officer Richard Edward Hudson of Zebra Technologies Corp. reports changes in beneficial ownership of Class A Common Stock due to tax withholding upon vesting of stock appreciation rights.

Summary

• Richard Edward Hudson, Chief Revenue Officer of Zebra Technologies Corp., filed a Form 4 detailing changes in beneficial ownership.
• The transactions involved the disposal of Class A Common Stock to cover tax obligations related to the vesting of stock appreciation rights.
• On May 4, 2024, 78 shares were disposed of at a price of $309.59.
• On May 5, 2024, 38 shares were disposed of at a price of $309.59.
• On May 6, 2024, 61 shares were disposed of at a price of $315.79.
• Following these transactions, Hudson directly owns 8,155 shares of Class A Common Stock.
• Hudson also holds 189 unvested stock appreciation rights, which will vest on April 30, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing is a routine disclosure of stock transactions related to executive compensation. There are no indications of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation practices, including the use of stock appreciation rights, are common across publicly traded companies, particularly in the technology sector.
• Companies like Honeywell, Motorola Solutions, and Intermec (now part of Honeywell) also utilize equity-based compensation to align executive incentives with company performance.
• The vesting schedules and terms of these equity grants are typically benchmarked against industry standards to attract and retain talent.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they relate to tax obligations of an executive.
• The disclosure provides transparency to shareholders regarding executive compensation.

Key Dates